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05 Mar
11:03

China's semis curtailment fails to faze ASEAN markets

The prospect of reduced Chinese billet exports in ASEAN is unlikely to impact ASEAN markets, Kallanish notes. State-owned steel mills in China were asked early last week to suspend the export of billet, Chinese trading sources say. This suspension also extends to the export of slab, they add. The suspension comes about as Beijing wants Chinese steel mills to focus on making value-added steel only. The Chinese government decided to inform mills early last week to s…
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